[MARKET UPDATE] EUR/CHF lifts to a session high during the presser as SNB Chairman Schlegel emphasises the willingness to intervene language from the statement/introductory text
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Saudi port of Yanbu has reportedly stopped oil loadings, according to sources
Gazprom says Ukraine increased attacks on Turkstream and Bluestream pipelines on 17-19th March; says all attacks were foiled
[MARKET UPDATE] EUR/CHF lifts to a session high during the presser as SNB Chairman Schlegel emphasises the willingness to intervene language from the statement/introductory text
Iranian lawmaker says parliament is mulling passing a bill that would impose toll and tax on ships seeking safe passage in the Strait of Hormuz, ISNA reported
Ambrey says a merchant vessel reported an explosion whilst 40.2NM Northwest of Abu Dhabi's free port; no casualties or damage to merchant vessel reported
On the Newsquawk feed at , 20 minutes before this page.
Context
The EUR/CHF's rise during the SNB Chairman Schlegel's presser indicates market optimism about potential intervention from the Swiss National Bank. His emphasis on a willingness to act suggests the SNB is prepared to stabilize the CHF if necessary, which could influence investor sentiment and currency flows in the near term.
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